Shoshy Ciment/Business Insider
Ross sells a variety of popular brands for less.
- Ross Stores is a discount chain that historically posts strong sales.
- The company competes with stores like TJ Maxx and Marshalls. All offer designer items for cheaper.
- We visited a Ross store in Davie, Florida and saw why the company is doing so well, despite the messy and somewhat disorganized store.
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Discount stores like Ross and TJ Maxx are winning the retail game.
As foot traffic in malls and shopping centers decline, retailers have been hit with slowing sales - at least 9,300 stores were expected to close in 2019.
But as the retail apocalypse rages on, discount stores like Ross are winning over shoppers.
Ross Stores Inc. historically posts strong sales. Most recently, the company reported an 8% rise in third-quarter sales to $3.8 billion in November. The store attracts shoppers with its wide array of designer and popular brands for less than the regular price.
We visited a Ross store in Davie, Florida and saw why the company is doing so well. There were a lot of great discounted options in the store, from Adidas sneakers to an Adrianna Papell dress. Despite the messy and somewhat disorganized store, we understood why the chain is thriving as other retailers struggle.
Here's what we saw: